TPS Group Holdings (S-in-A) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02522080 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

TPS Group Holdings (S-in-A) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M S Oldershaw

Mrs J Oldershaw

S H Oldershaw

Mrs E L Oldershaw

REGISTERED OFFICE:

Export Drive

Fulwood Industrial Estate

Sutton In Ashfield

Nottinghamshire

NG17 6AF

REGISTERED NUMBER:

02522080 (England and Wales)

ACCOUNTANTS:

D. K. Rumsby & Co Limited

3 Colwick Quays

Colwick

Nottingham

Nottinghamshire

NG4 2JY

FIXED ASSETS

Tangible assets

4

24,494

23,751

Investments

5

60,001

Investment property

6

2,000,000

2,084,495

2,083,752

CURRENT ASSETS

Debtors

7

43,410

21,445

Cash at bank and in hand

41,611

44,094

85,021

65,539

CREDITORS

Amounts falling due within one year

8

(643,832

)

(523,654

)

NET CURRENT LIABILITIES

(558,811

)

(458,115

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,525,684

1,625,637

PROVISIONS FOR LIABILITIES

(235,009

)

(242,459

)

NET ASSETS

1,290,675

1,383,178

CAPITAL AND RESERVES

Called up share capital

9

62,752

Non distributable reserve

1,158,014

1,180,925

Retained earnings

69,909

139,501

SHAREHOLDERS' FUNDS

1,290,675

1,383,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2026 and were signed on its behalf by:

M S Oldershaw - Director

S H Oldershaw - Director

1.	STATUTORY INFORMATION

TPS Group Holdings (S-in-A) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has net current liabilities at 31 December 2025 of £763,832 (2024 - £523,654) and is, therefore, reliant on the continued support of its principal creditors. The directors are confident that this support will not be withdrawn and as a result the going concern basis of accounting has been adopted.

These accounts do not reflect any changes that would be required if the going concern basis was not considered to be appropriate.

Preparation of consolidated financial statements

The financial statements contain information about TPS Group Holdings (S-in-A) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised through total comprehensive income.

The fair value is ascertained by consideration of market evidence for similar properties in the same location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Non distributable reserve

The non distributable reserve consists of the fair value adjustment to investment properties net of deferred tax provision on any potential gains.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

207,566

Additions

5,065

At 31 December 2025

212,631

DEPRECIATION

At 1 January 2025

183,815

Charge for year

4,322

At 31 December 2025

188,137

NET BOOK VALUE

At 31 December 2025

24,494

At 31 December 2024

23,751

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaki

£

COST

At 1 January 2025

and 31 December 2025

60,001

NET BOOK VALUE

At 31 December 2025

60,001

At 31 December 2024

60,001

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

2,000,000

NET BOOK VALUE

At 31 December 2025

2,000,000

At 31 December 2024

2,000,000

The investment properties were valued on a fair value basis on 31 December 2023 by the directors.

The directors do not consider the fair value of investment properties to have changed as at 31 December 2025.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

1,915

564

Other debtors

41,495

20,881

43,410

21,445

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

25,816

7,538

Amounts owed to group undertakings

535,541

431,545

Taxation and social security

1,862

13,877

Other creditors

80,613

70,694

643,832

523,654

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

62,748

Ordinary

£1

62,748

1

A Ordinary

£1

1

B Ordinary

£1

1

C Ordinary

£1

1

D Ordinary

£1

1

62,752

10.	CONTINGENT LIABILITIES

The company is a member of a group VAT registration and is jointly and severally liable for the group VAT liabilities which at 31 December 2025 amounted to £31,158 (2024 - £30,325).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

Mrs E L Oldershaw

Balance outstanding at start of year

15,000

Amounts repaid

(3,500

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

11,500

15,000

Interest charged by the company during the year, at between 2.25% and 3.75% per annum, amounted to £452 (2024 - £338).

12.	ULTIMATE PARENT COMPANY

Oldershaw Holdings Limited is regarded by the directors as being the company's ultimate parent undertaking.